Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw an uptick in trading volume on Tuesday . 59,624 shares traded hands during trading, an increase of 134% from the previous session’s volume of 25,465 shares.The stock last traded at $10.7250 and had previously closed at $10.80.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPAC shares. Weiss Ratings lowered Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. raised their price target on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Finally, Scotiabank upped their price objective on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cementos Pacasmayo S.A.A. has a consensus rating of “Reduce” and an average target price of $10.15.

Cementos Pacasmayo S.A.A. Stock Up 0.4%

The company has a current ratio of 1.09, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $10.49 and its 200 day moving average price is $8.13.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%.The business had revenue of $166.82 million during the quarter, compared to analyst estimates of $174.95 million. On average, equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after purchasing an additional 1,900 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after buying an additional 6,054 shares in the last quarter. LPL Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $155,000. Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $167,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 3rd quarter worth approximately $522,000.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.